EOG Resources (EOG +3%) is on the move as Jefferies raises its target price for the Buy-rated...

EOG Resources (EOG+3%) is on the move as Jefferies raises its target price for the Buy-rated shares to $174 from $160, predicting new techniques could soon boost production at its Eagle Ford wells. The firm says EOG is drilling some of the best shale wells on the eastern part of its acreage; its western wells aren't as strong but are improving, helped by the use of more advanced technology.